As China’s population and average income grow, so does its appetite. To help meet skyrocketing food demands, China plans to buy up 3 million hectares of Ukrainian Farmland, The Star Online reports:
China’s official Xinjiang Production and Construction Corps has signed an agreement with Ukrainian agricultural firm KSG Agro, which would see Ukraine provide 100,000ha to China.
That would eventually rise to 3 million ha, the South China Morning Post said. Chinese experts have said China must expand its overseas farming to ensure sufficient food supplies because of its limited land and low productivity.
China accounts for a fifth of the global population but only 9% of its land. Demand for food is rising as incomes rise.
The 50-year plan was mainly aimed at growing crops and raising pigs, the Hong Kong newspaper said, citing a statement from the Xinjiang Production and Construction Corps (XPCC).
In 2009, China had a total of just over 2 million ha of farming land abroad, the newspaper said, quoting an agriculture expert.
China’s massive land buys have caused Australian politicians to push for a crackdown on foreign purchases of local farmland, but to little effect.
But hey, at least it’s not as bad as the time China purchased hundreds of square meters of Cambodian national forest and evicted countless endangered species to meet its rising gambling demand.